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tax-exempt

[ taks-ig-zempt ]
/ ˈtæks ɪgˌzɛmpt /
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adjective
not subject or liable to taxation: tax-exempt imports.
providing income that is not taxable: tax-exempt municipal bonds.
noun
a tax-exempt security.
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Origin of tax-exempt

First recorded in 1920–25
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

How to use tax-exempt in a sentence

British Dictionary definitions for tax-exempt

tax-exempt

adjective
(of an income or property) exempt from taxation
(of an asset) earning income that is not subject to taxation
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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